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Japan’s Hitachi acquires GlobalLogic for $9.6 billion

Japan’s Hitachi acquires GlobalLogic for $9.6 billion

Technology
Japanese industrial, electronic and construction conglomerate Hitachi LtdBy YURI KAGEYAMA AP Business WriterMarch 31, 2021, 9:41 AM• 2 min readShare to FacebookShare to TwitterEmail this articleTOKYO -- Hitachi Ltd. is buying U.S. digital engineering services company GlobalLogic Inc. for $ 9.6 billion, the Japanese industrial, electronic and construction conglomerate said Wednesday.Tokyo-based Hitachi said the acquisition of the Silicon Valley company will strengthen Hitachi’s digital operations in a wide range of businesses, including IT, energy, industry and mobility. It will speed up efforts in the “digital transformation” of railways, energy and health care systems that are core Hitachi businesses, it said.GlobalLogic has more than 20,000 professionals in 14 countries, operating design...
Japan’s capsule with asteroid samples retrieved in Australia

Japan’s capsule with asteroid samples retrieved in Australia

Technology
A Japanese capsule carrying the first samples of asteroid subsurface shot across the night atmosphere before successfully landing in the remote Australian Outback, completing a mission to provide clues to the origin of the solar system and life on EarthBy MARI YAMAGUCHI Associated PressDecember 6, 2020, 5:15 AM• 5 min readShare to FacebookShare to TwitterEmail this articleTOKYO -- A Japanese capsule carrying the first samples of asteroid subsurface shot across the night atmosphere early Sunday before successfully landing in the remote Australian Outback, completing a mission to provide clues to the origin of the solar system and life on Earth.The spacecraft Hayabusa2 released the small capsule on Saturday and sent it toward Earth to deliver samples from a distant asteroid. At about 10 kilo...
Japan’s SoftBank back in the black as investments improve

Japan’s SoftBank back in the black as investments improve

Technology
Japanese technology company SoftBank Group Corp. has reported it bounced back to profitability in the last quarter as its investments improved in valueBy YURI KAGEYAMA AP Business WriterNovember 9, 2020, 9:45 AM• 2 min readShare to FacebookShare to TwitterEmail this articleTOKYO -- Japanese technology company SoftBank Group Corp. said Monday it bounced back to profitability in the last quarter as its investments improved in value.The Tokyo-based company reported a 627 billion yen, or about $ 6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019.SoftBank said its quarterly sales rose nearly 5% to 1.35 trillion yen, or $ 13 billion, from 1.29 trillion yen.SoftBank's Vision Fund also has become profitable recently.SoftBank, which invests in...
BAE proposes support package for Japan’s next-generation F-X fighter

BAE proposes support package for Japan’s next-generation F-X fighter

Business
Nov. 5 (UPI) -- BAE Systems has proposed a package to support Japan's F-X next generation fighter development program, the company announced Thursday. According to a company press release, BAE responded to a request for information from the Japanese Ministry of Defense's acquisition, technology and logistics agency with a proposed package that outlines BAE's technical capabilities across a range of key areas. Advertisement "We firmly believe that we can add significant value to the F-X program. We look forward to further progressing our discussions and we are honored to have the opportunity to collaborate with Japan on this program," Andy Latham, Campaign Delivery Director-Japan, for BAE Systems' Air business, said. Last week Japan's Defense Ministry announced that it had named Mitsubishi...
Japan’s PM makes ‘gut-wrenching’ decision to resign due to ill health

Japan’s PM makes ‘gut-wrenching’ decision to resign due to ill health

World
Japanese prime minister Shinzo Abe has resigned due to ill health.Mr Abe has had ulcerative colitis for years - a long-term condition where the bowel becomes inflamed - and said his health had declined around the middle of last month. Two recent hospital visits within a week fanned questions on whether he could stay in the job until the end of his term as ruling party leader, and hence, premier, in September 2021.In a news conference the 65-year-old PM said: "I cannot be prime minister if I cannot make the best decisions for the people. I have decided to step down from my post."It is gut-wrenching to have to leave my job before accomplishing my goals." ...